We will write to you to let you know whether your application has been successful.
 

Panel Admission Notes

Conveyancing Quality Scheme (CQS) - All solicitors located in England and Wales who apply to join the panel will require CQS accreditation.

PII cover – Insurance held must meet our requirements in respect of a minimum financial security rating – AM Best B+ or Standard and Poor’s A – Minimum cover of £2,000,000 for sole practitioners and partnerships and then minimum of £3,000,000 for LLP and Limited Companies.

Period – Firms will be required to re-register to the panel if they have not acted for Accord Mortgages in the grant of a mortgage for a period longer than 12 months.

Notification – You must undertake to notify Accord Mortgages in the event of any change in the accuracy of the required information.

Discretion - Membership of Accord Mortgages’ Conveyancing panel is at the absolute discretion of Accord Mortgages.

Active Cases - If you have an active case please indicate and include your client’s name and case number (where known) on the appropriate section of the application form. This will help decrease the time taken to process your client’s application.

If you have any further queries regarding our panel admission process please call 01274 472779.

Release of Funds

Accord Mortgages releases its advance funds by means of CHAPS on the working day prior to the proposed completion day. This has the following benefits:

• Cleared funds are available on the day of completion without the delay which may be experienced if funds are released on the day of completion.

• Funds will be paid direct to your bank account avoiding the need for you to present a cheque for payment.

• Where completion is delayed, there is no advance cheque to return to Accord Mortgages (which may otherwise have been issued several days in advance of the completion date). Any delay in the expected completion date can be notified to us up to two days before completion.

To enable us to release funds to you it will be necessary for you to provide us with your client account bank details. Please inform us as soon as possible of any subsequent amendments to your banking arrangements.

Please note that a Funds Release Fee of £35 will be charged when the funds are released to you and this will be deducted from the mortgage advance.